brokerage


Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia.

Brokerage Firm

A firm that conducts transactions on behalf of a client. Some brokerage firms only conduct transactions, while others also offer different types of investment advisory services. Brokerage firms derive their profit from commissions on orders given. That is, they usually collect a percentage of the value of each transaction, though some charge flat fees. Clients may give orders in a variety of ways. One may meet with a broker, call on the telephone, or give orders over the Internet. Brokerage firms handle two main types of brokerage accounts: advisory accounts and discretionary accounts. Brokers are only allowed to conduct transactions on advisory accounts on the specific orders of the account holder, or under very specific instructions. Brokerages have much more leeway over discretionary accounts, conducting transactions not prohibited by the account holder in accordance with the holder's investment goals and the prudent man rule. In practice, most brokerage firms are in fact broker-dealer firms. Most brokerage firms must register with the SEC.

brokerage

A real estate activity devoted to assisting buyers and/or sellers in the purchase of real property.In smaller communities,brokerage activities are conducted on a type of general practitioner basis. In larger communities, brokers generally specialize in certain price ranges or types of residential properties; or some combination of office buildings, retail space, food service, industrial, warehouse,farms and lands,or development land.

References in periodicals archive ?
The cloud services brokerage market has been segmented on the basis of service, platform, organization size, deployment model, and vertical.
A brokerage window is more apt to be found at larger plans.
Here's one example -- FreightWaves estimates that today there are 67 freight brokerages generating $100 million or more in gross revenue and accounting for 82 percent of the freight brokerage industry's total revenues.
The nation's two largest brokerages, NRT LLC, a subsidiary of massive real estate holding company Realogy and the brokerage that owns many of the nation's Coldwell Banker-branded offices, and HomeServices of America (HSA), the Berkshire Hathaway
Applied CSR24, the leading cloud-based client self-service software, enables brokerages to meet todays insurance consumer demand for anytime, anywhere access to information by providing 24/7 access to insurance policy information, claims filing and processing, premium payments, liability certificates and other insurance documents through an online brokerage-branded client portal or mobile application via Applied MobileInsured.
Berkshire Hathaway HomeServices, based in Irvine, California, is a real estate brokerage network.
On one hand, the mediated premium in life insurance amounted to P8.70 billion, which represents 15.02 percent of the overall mediated premium by the insurance brokerage industry.
RT Specialty LLC, a subsidiary of Ryan Specialty Group LLC, provides wholesale brokerage and other services to agents and brokers.
For the electronics sector, the brokerage expects corporate earnings to be boosted by solid demand for semiconductors, which will be driven by an increase in orders placed by PC and smartphone vendors along with a wide range of other applications, such as automotive electronics, the Internet of Things, data centers and virtual currencies.
Coldwell Banker Residential Brokerage is part of NRT LLC, the nation's largest residential real estate brokerage.
The Financial Brokerage Group ranked third, down one rank from February, with total deals of EGP 5.26bn and a market share of 8.1%, followed by Pharos Securities conducting total deals of EGP 2.65bn, with a market share of 4.1%.
Summary paragraph: Brokerage windows in 401(k) plans